20 AI News That Broke The Internet This Month

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9. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 120 

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. The company posted earnings for the fourth fiscal quarter this month, topping analyst expectations on earnings per share and revenue and guiding to better-than-expected results for the first fiscal quarter of 2025. The strong guidance highlighted that the artificial intelligence boom was more than offsetting consumer weakness for the memory maker. Morgan Stanley analyst Joseph Moore took note of the development, stressing that the fundamental story for the company had not changed much as the stock had gyrated all year, adding that much of the upside was related to strength in NAND. The analyst further detailed that while there was clear evidence of memory oversupply, it had not yet impacted pricing. Moore has an Equal-Weight rating and $114 price target on Micron Technology (NASDAQ:MU).

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